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LAWRENCEBURG, Ind. — Indiana Michigan Power, an operating unit of American Electric Power,
announced yesterday that it will retire the 500-megawatt coal-fueled Tanners Creek 4 generating
unit in Lawrenceburg, Ind., along with the other generating units at the plant, by mid-2015.

The decision to retire Tanners Creek Units 1-3 had been announced in June 2011. An agreement
reached in February provided the option of refueling or retiring Tanners Creek 4.

An analysis said that refueling Tanners Creek 4 doesn’t make financial sense because electricity
demand is not expected to grow much and there is sufficient generation available for Indiana
Michigan customers, the utility said.